Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs /
The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary policy stabilization in an environment where financial frictions are a relevant source of macroeconomic fluctuation. We derive a measure of...
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| Weitere Verfasser: | , |
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2014/128 |
| Online Zugang: | Full text available on IMF |